ICICI Prudential Asset Control Corporate has appointed 18 service provider bankers for its IPO. This can be a file. Lately, there have no longer been such a lot of service provider bankers for any Indian IPO. Amongst those 18 service provider bankers, Citigroup International Markets India, Morgan Stanley India Corporate, Bofa Securities India, Axis Capital, CLSA India, IIFL Capital Services and products, Kotak Mahindra Capital Corporate, Nomura Monetary Advisory and Securities (India), SBI Capital Markets, icici Securities (India) Securities, Avends Capital, BNP Pariba, HDFC Financial institution, JM Monetary, Motilal Oswal Funding Advisors, Nuwama Wealth Control and UBS Securities India.
Business mavens say that because of a measurement of Rs 10,000 crore and the popularity of the emblem, service provider bankers are deeply on this factor. Alternatively, handiest 4 bankers gets charges underneath the construction of the problem, however all 18 gets league desk credit score. It is regarded as fairly treasured within the funding banking global.
An individual conscious about the topic mentioned, “It complements their credibility as bankers and is beneficial in expanding industry. So everybody desires to be part of this IPO.” “ICICI has excellent members of the family with many of those banks and in addition is helping him in distribution, so he sought after to incorporate increasingly more other folks in it.”
Whose identify was once recorded earlier than
Previous, HDB Monetary Services and products had the file for probably the most service provider bankers. It had 12 service provider bankers for the IPO in June 2025. Shloss was once 11 bankers for the IPO of Bangalore (Leela Resorts), and 8-8 bankers for the IPO of each JSW Infrastructure and Ola Electrical.
In such multi-bank offers, each and every banker is given a subscription quota and is grouping them in ranges in keeping with their duties. Tier-1 coordinates bankers, alkekshas and institutional bids, whilst different bankers focal point on separate investor segments to verify in depth distribution and participation.
Simplest in ICICI PRDENIAL AMC IPO
On July 8, ICICI PRUDENTIAL AMC filed a draft Purple Herring Potentialities (DRHP) for IPO close to Capital Marketplace Regulator SEBI. ICICI securities had been appointed solely to regulate the selling of this factor. ICICI Financial institution holds 51 % within the corporate and Prudential PLC of Britain holds 49 % stake. The partnership between the 2 came about in 1998, thus the three way partnership has been occurring for 26 years.
The IPO can have handiest be offering on the market (OSS) from the Prudential Company Holdings Restricted. The corporate will promote 1.76 crore stocks. Which means the Rs 10000 crore from IPO will cross to Prudential PLC. The corporate is not going to get the rest.
Problems would possibly come within the 3rd quarter
This IPO will also be introduced right through October-December 2025. As of March 31, 2025, the corporate’s property underneath control have been value Rs 9,14,878 crore. ICICI Financial institution, ICICI Prudential Existence Insurance coverage Corporate, ICICI Securities, ICICI Londbard Basic Insurance coverage Corporate is already indexed within the inventory marketplace.